What does $360k get you in OC?
The answer is not a lot.
The median price for a new home in OC reached a record $934k last October, while the median price for all homes in OC also hit a new record of $655k.
To address the need for multi-generational and affordable housing, a builder in Rancho Mission Viejo is offering 10 units for $359,818 in one of its new devlopments.
The simple units are about 700sq.ft., have an approximate 2% tax rate, and come with an HOA fee of up to $420/month.
Alternatively, you can build a 700sq.ft. Granny Villa for around half the cost - with no HOA monthly fees!